Annual Lease Rental Sample Clauses

Annual Lease Rental. In consideration of the lease of the Site and the rights appurtenant thereto in favor of the Concessionaire, the Concessionaire shall, during the Concession Period, in terms of this Agreement and the Land Lease Agreement, make payments to ADCL with respect to the Annual Lease Rentals. The Annual Lease Rental for the first Year of Concession is Rs _. The amount of Annual Lease Rental shall be escalated at the rate of five percent (5%) every Year during the Concession Period. The Annual Lease Rentals shall be paid in advance in equated quarterly installments, by the 10th day of the first Month of every quarter during each Accounting Year of the Concession Period in accordance with Lease Rental payment schedule attached as Schedule 1 to the Land Lease Agreement. An amount of Rs. (Rupees only) equivalent to the first Six Months Annual Lease Rental (computed on the basis of the Annual Lease Rental payable in the first Year of Concession) of the Concession Period, has been deposited by the Preferred Bidder/ Concessionaire, with the Authority within 15 Days of issue of LoA and prior to the Execution Date, as an interest free security deposit. Further, towards the security for the due payment of the Annual Lease Rentals during the Concession Period, The payment of the subsequent Lease Rentals shall be made on quarterly basis to be paid in advance by the 10th day of the first Month of that quarter for the entire Concession Period. The Concessionaire shall ensure that it maintains, at all times during the Concession Period, a deposit with the Authority of an amount equal to Six (6) Months Advance Lease Rental Deposit calculated on the basis of applicable Annual Lease Rental for that particular Year (“Security Deposit”). The Security Deposit shall be returned to the Concessionaire, without any interest thereon, within three (3) Months from the Transfer Date, after adjusting dues of the Concessionaire if any to the Authority or towards any payment obligations pertaining to the Project, like power, water, maintenance etc. In the event of delay up to 15 Days from the due date (10th day of the first Month of the quarter) in the payment of the Lease Rentals, the Concessionaire shall be liable to pay to the Authority, interest on the due amount at the rate of 18% (Eighteen percent) per annum, for the period from the due date until the date of actual payment. In the event, the payments are delayed beyond a period of 15 Days from the due date; it shall be construed as a Conc...
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Annual Lease Rental. The Annual Lease Rentals shall be payable as stipulated in the Lease Agreement.
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Annual Lease Rental. 1.38.1 The annual consideration in respect of the Project Assets over and above the Upfront Payment (the “Annual Lease Rental”) is 10% of the upfront Payment (20% of the Upfront Payment for Yatriniwas, Moreh) Rs /- (Rupees only) for the first year of the Lease Period. The Annual Lease Rental shall be calculated as 10% of the Upfront Payment.
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Annual Lease Rental. 1.38.1 The annual consideration in respect of theProject Assetsover and above the Upfront Payment (the “Annual Lease Rental”) is Rs /- (Rupees only)for the first year of the Lease Period. The Annual Lease Rental shall be calculated as 10% of the Upfront Payment. DOT acknowledges the payment of Rs. /- (Rupees only)by the Lessee, towards the Annual Rental for the first year on , 2017 through DD bearing No dated of Bank . This payment will be in the form of a demand draft in favour of The Director Tourism, Department of Tourism, drawn on a scheduled bank that is not a Gramin Bank and payable at Bhubaneswar.
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Annual Lease Rental. ‌ In consideration of the grant of lease in accordance with the Project Site Lease Deed in accordance with Schedule J, the Concessionaire shall pay to the Authority the sum of Rs. 1 / Xx.xx per annum by way of annual lease rental (the “Annual Lease Rental”). The first Annual Lease Rental payment shall be paid with the execution of this Xxxxx Xxxx and the second Annual Lease Rental payment shall be paid prorata for the period beginning from first anniversary of date of execution of Xxxxx Xxxx until the completion of the succeeding Accounting Year. Thereafter Annual Lease Rental shall be paid on annual basis for every Accounting Year.
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Annual Lease Rental meters: For clarity, the Annual Lease Rental for the Leased Property under this Contract of Lease shall be: YEAR ANNUAL LEASE RENTAL (in PhP) 4 5 6 7 8 9 10 11 12 13 14 15 16 18 20 The LESSEE shall pay the Annual Lease Rental starting from 2012 until the current year (Years 1 to 5) without need of demand from the LESSOR, within fifteen (15) days from the execution of this Contract of Lease. The LESSEE shall pay the next Annual Lease Rentals without need of demand from LESSOR within fifteen (15) days from the anniversary date of the start of the Lease Period (28th of June), starting 2017 and every year thereafter. Provided, that if the last remaining year of the Lease Period shall comprise of less than twelve months, the LESSEE shall pay only a proportionate amount of the stipulated Annual Lease Rental for that particular year corresponding to the actual number of months for which the Contract of Lease shall remain effective. As shown in the above schedule, the Annual Lease Rental shall increase by two and a half percent (2.5%) (the “2.5% Escalation Rate”) starting on the 16th year of the Lease Period and every year thereafter. The provisions of this Section 3 notwithstanding, beginning on the 16th year of the Lease Period and until the expiry thereof, LESSEE shall pay LESSOR an annual lease payment which shall be the higher either (i) the amount indicated in the above schedule or (ii) the amount equivalent to three percent (3%) of the zonal value designated by the Bureau of Internal Revenue (BIR) for the total area of the land constituting the Leased Property, excluding the value of any improvements thereon. The Lease Rental once it falls due shall be considered public funds.
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Related to Annual Lease Rental

  • Base Rental (a) Lessee hereby agrees to pay to Lessor, without setoff or deduction whatsoever, a monthly installment of $3,284.00. Lessee shall also pay, as additional rent, all such other sums of money as shall become due from and payable by Lessee to Lessor under this Lease (Base Rental, any adjustment thereto pursuant to Section 4 hereof, and all such other sums of money due from and payable by Lessee pursuant to this Lease are sometimes hereinafter collectively called "rent"), for the nonpayment of which Lessor shall be entitled to exercise all such rights and remedies as are herein provided in the case of the nonpayment of Base Rental. The Base Rental, together with any adjustment or increase thereto then in effect, shall be due and payable in advance in twelve (12) equal installments on the first (lst) day of each calendar month during the term of this Lease, and Lessee hereby agrees so to pay such Base Rental and any adjustment or increase thereto to Lessor at Lessor's address provided herein (or such other address as may be designated by Lessor in writing from time to time) monthly, in advance, and without demand. If the term of this Lease commences on a day other than the first (lst) day of a month or terminates on a day other than the last day of a month, then the installments of Base Rental and any adjustments thereto for such month or months shall be prorated, and the installment or installments so prorated shall be paid in advance.

  • Fixed Rent Tenant agrees to pay to Landlord, commencing on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1112th) of the Annual Fixed Rent specified in Section 1.2 hereof and on the first day of each and every calendar month during the Extended Term (if exercised), a sum equal to one-twelfth of the Annual Fixed Rent as determined in Section 3.2 for the Extended Term. Until written notice of some other designation is given, fixed rent and all other charges for which provision is herein made shall be paid by remittance to or for the order of Landlord as follows: c/o Samuels & Associates, 000 Xxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000. Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date shall be other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month. Additional Rent payable by Tenant on a monthly basis, as elsewhere provided in this Lease, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion and shall commence on the Commencement Date and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant. Notwithstanding that the payment of Annual Fixed Rent, Operating Expenses Allocable to the Premises and the Tax Excess payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease. Except as expressly otherwise set forth in this Lease, the Annual Fixed Rent, Additional Rent and all other charges for which provision is made in this Lease shall be paid by Tenant to Landlord without setoff, deduction or abatement.

  • Basic Rental Tenant agrees to pay to Landlord during the ------------- Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C of the Basic Lease Provisions, payable in advance on the first day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions.

  • Sublease Rent Limitation Anything contained in this Lease to the contrary notwithstanding, Lessee shall not sublet the Leased Property on any basis such that the rental to be paid by the sublessee thereunder would be based, in whole or in part, on either (a) the income or profits derived by the business activities of the sublessee, or (b) any other formula such that any portion of the Rent would fail to qualify as “rents from real property” within the meaning of Section 856(d) of the Code, or any similar or successor provision thereto.

  • Base Rent Lessee shall pay Base Rent and other rent or charges, as the same may be adjusted from time to time, to Lessor in lawful money of the United States, without offset or deduction, on or before the day on which it is due under the terms of this Lease. Base Rent and all other rent and charges for any period during the term hereof which is for less than one full month shall be prorated based upon the actual number of days of the month involved. Payment of Base Rent and other charges shall be made to Lessor at its address stated herein or to such other persons or at such other addresses as Lessor may from time to time designate in writing to Lessee.

  • Minimum Rental Beginning with the Commencement Date and continuing through the Expiration Date or earlier termination of this Lease, Tenant shall pay Minimum Rental in accordance with the schedule set forth in Section 1(g) in equal monthly installments each in advance on or before the first day of each month. If the Commencement Date is a date other than the first day of a calendar month, the Minimum Rental shall be prorated daily from such date to the first day of the next calendar month and paid on or before the Commencement Date.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

  • Additional Rental Lessee shall pay and discharge, as additional rental (“Additional Rental”), all sums of money required to be paid by Lessee under this Lease which are not specifically referred to as Rental. Lessee shall pay and discharge any Additional Rental when the same shall become due, provided that amounts which are billed to Lessor or any third party, but not to Lessee, shall be paid within thirty (30) days after Lessor’s demand for payment thereof or, if later, when the same are due. In no event shall Lessee be required to pay to Lessor any item of Additional Rental that Lessee is obligated to pay and has paid to any third party pursuant to any provision of this Lease.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Rent The Tenant shall pay the Landlord, in equal monthly installments, $ ("Rent"). The Rent shall be due on the of every month (“Due Date”) and paid under the following instructions: .

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